Steady-state invariance in high-order Runge-Kutta discretization of optimal growth models

DOI10.1016/J.JEDC.2010.03.006MaRDI QIDQ975892zbMATH OpenOpenAlexFDO

Authors Stefania Ragni, Fasma Diele, Carmela Marangi

Publication date 11 June 2010

Published in Journal of Economic Dynamics and Control (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.jedc.2010.03.006

zbMATH Keywords

optimal growth modelspartitioned symplectic Runge-Kutta methodssteady-state invariance

Mathematics Subject Classification ID

Multistep, Runge-Kutta and extrapolation methods for ordinary differential equations (65L06) Economic growth models (91B62)

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Cites work

• scientific article; zbMATH DE number 52120 (Why is no real title available?)
• scientific article; zbMATH DE number 702482 (Why is no real title available?)
• scientific article; zbMATH DE number 1745051 (Why is no real title available?)
• A criterion for time aggregation in intertemporal dynamic models
• Computation of order conditions for symplectic partitioned Runge-Kutta schemes with application to optimal control
• Discrete-Time Finite Horizon Approximation of Infinite Horizon Optimization Problems with Steady-State Invariance
• Numerical solution of infinite-horizon optimal-control problems
• On Order Conditions for Partitioned Symplectic Methods
• Optimal time aggregation of infinite horizon control problems
• Public Finance in Models of Economic Growth
• Runge-Kutta methods in optimal control and the transformed adjoint system
• Solution of perfect foresight saddlepoint problems: a simple method and applications.
• Sympletic Runge--Kutta Shemes I: Order Conditions
• Temporal aggregation in a multi-sector economy with endogenous growth

Cited in

(8)

• A partial Hamiltonian approach for current value Hamiltonian systems
• ON THE SOLUTIONS OF THE LUCAS-UZAWA MODEL
• Discrete-Time Finite Horizon Approximation of Infinite Horizon Optimization Problems with Steady-State Invariance
• High order disequilibrium growth dynamics: Theoretical aspects and numerical features
• A partial Lagrangian method for dynamical systems
• Exponential Lawson integration for nearly Hamiltonian systems arising in optimal control
• Recycled and non-recycled exhaustible resource: an optimal control strategy for input allocation
• Optimal dynamics in a two-sector model with natural resources and foreign direct investments

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